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CME Reports That Brinks Has a Seventy Percent Decline in Registered Gold Bullion Supply

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Jesse
Le Cafe Americain
Published : August 08th, 2013
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( 5 votes, 5/5 ) , 3 commentaries
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Category : Market Analysis

Nick Laird of Sharelynx.com informs me that Brinks is 'now being depleted' of private gold holdings.

I am following up to make sure that there has not been an error in reporting.  The CME reports these figures one day in arrears, on a weekly basis, so the chart below is dated July 9. 

I have extended the calendar axis a bit to show the nearly vertical drop in inventory of registered bullion. 

In referring to the registered supply at Brinks, Nick notes that:
"Brinks is now being depleted.   They have gone from 447,199 on July 3rd to 134,525 on July 9th which is a drop of 312,674 oz."
If this is correct, then this is a decline of 70 percent in the gold held in private accounts at Brinks in just one week.

If this is data is correct, it would not be too much of a stretch to say that this has the appearance of 'a run on the bank.'   Again, I will wait to see if the CME issues a correction for this.  It seems almost incredible.

Where is the gold going?  It was not transferred from the registered to eligible category, and does not seem to have been transferred to any other COMEX vault.  I suspect it is flowing East.  And perhaps it is being taken to replace gold that has been rehypothecated from custodial vaults somewhere.

One looks at this and wonders, what next?
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epifinia   8/9/2013 at 10:17 AM GMT
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CURRENTLY IN SEARCH OF BUSINESS MINDED INDIVIDUALS/FIRM WHO ARE WILLING TO DO BUSINESS....... I CAN SUPPLY 200 pounds or 1 KG OF DORE GOLD BARS (22. - 23. KARAT) INTERESTED PEOPLE CAN CONTACT ME ON.. +233 544 683 311 .. 00233236 220 880 Email... efvfamily@gmail.com
Juan 1972   8/8/2013 at 7:36 AM GMT
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Correct me if I am wrong but at http://www.cmegroup.com/delivery_reports/Gold_Stocks.xls you can see that Brinks had 133,522 registered ounces as of August 6th. Or is this figure one month delayed as you say? If that is the case, that the data is one month delayed...shouldn't we have already noticed the effects of depletion? Wouldn't it impley that nothing happened for the last month? Regards
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odanez   8/8/2013 at 8:13 AM GMT
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In the excel sheet it says "Activity date 8/6/2013", so my guess is that there have been hardly any changes in the last month.
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CURRENTLY IN SEARCH OF BUSINESS MINDED INDIVIDUALS/FIRM WHO ARE WILLING TO DO BUSINESS....... I CAN SUPPLY 200 pounds or 1 KG OF DORE GOLD BARS (22. - 23. KARAT) INTERESTED PEOPLE CAN CONTACT ME ON.. +233 544 683 311 .. 00233236 220 880 Email... efvfamil  Read more
epifinia - 8/9/2013 at 10:17 AM GMT
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